Month: March 2016

How do I know if I need to pay FBT? What is exempt from FBT? And what to be aware of come 1 April 2016. The FBT rate increases from 47% to 49% from 1 April 2016. Employers need to take this new rate into account with current or new salary packages with employees. How do I know if I need to pay FBT? Fringe Benefits Tax (FBT) is a tax payable by an employer in …

The new way of processing Superannuation Payments is almost here In its bid to streamline the processing of transaction for superannuation funds, the ATO has introduced SuperStream. The main aim of SuperStream is to ensure employer superannuation contributions are paid in a consistent, timely and efficient manner. The key component of SuperStream is that it is compulsory to make your superannuation contributions online with products that are SuperStream compliant. The easiest way to become SuperStream compliant is …